Visa Property Plant and Equipment Net vs Trade and Non Trade Payables Analysis

Property Plant and Equipment Net vs Trade and Non Trade Payables

Property Plant and Equipment Net

A component of Total Assets representing the amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale.

Trade and Non Trade Payables

A component of Total Liabilities representing trade and non-trade payables.

Accounts Relationship

Property Plant and Equipment Net vs Trade and Non Trade Payables

Significance: Strong Relationship

Overlapping area represents amount of trend that can be explained by analyzing historical patterns of Visa Inc Property Plant and Equipment Net account and Trade and Non Trade Payables

Correlation Coefficient

0.78
Relationship DirectionPositive 
Relationship StrengthSignificant